BTCUSD: Pull back 8500$ or Breakout 15k to 18,000$ (Weekly Base)
Technical Market Outlook: The BTC/USD pair has broken above the $10,000 level which was the key mid-term technical and psychological level for market participants. The recent swing high was made at the level of $10,400, but the bulls do not seem to stop just yet as the momentum is still strong and positive despite the overbought market conditions. The next target is seen at the level of $11200 and $11,600. The nearest technical support is located at the level of $10,000, $9,400 and $8,800.
Currently, Price holding below under long term trend line, If PriceBreak trend line then we could see new bull run towards 13200$ and 15,400$. If price Rejected 11,400$ break then we could see downside support level 8800$ where I can expect new bull start towards long term 25k$
There are only 3 days until the month's end and the current monthly candle looks bullish.
🛑SUPPORT/RESISTANCE
✅S1= 9200$
✅S2=8500$
✴️R1=10900$
✴️R2=11800$
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Currently, Price holding below under long term trend line, If PriceBreak trend line then we could see new bull run towards 13200$ and 15,400$. If price Rejected 11,400$ break then we could see downside support level 8800$ where I can expect new bull start towards long term 25k$
There are only 3 days until the month's end and the current monthly candle looks bullish.
🛑SUPPORT/RESISTANCE
✅S1= 9200$
✅S2=8500$
✴️R1=10900$
✴️R2=11800$
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it.